Ann: Retraction of study expansion announcement, page-77

Courtyard Dog,  you're right about Indee being the big hurdle.   If news doesn't move the SP up significantly in the next 3 or 4 months, then management is going to have to look around for funds from investors who want to buy low and sell high.  If the Chinese company demands payment or forfeiture it could get ugly.   Imagine going to brokers for a CR and they tell you that 5 to 7 cents a share is what the market will bear for the Indee payoff plus funds to operate another 6 months.  And those brokers are going to want to know when some kind cash flow is projected to start.  You can't just keep doing CRs to stay afloat, at some point you have to move to producing something.  Mining the conglomerates at Louden's is the quickest way to cash flow.  The capital costs are reasonable if you run the ore through Tomra sorters to get 80% of the gold in 1% of the tonnage you started with.  Make a deal with a processing plant and truck the concentrated ore to that plant.  Use the profit from that to explore the other conglomerates and structural deposits.  Maybe management can work some kind of deal with the Chinese Company but it won't be cheap and management still will need to raise funds to operate for the last half of 2019.  Kirkland Lake will probably get De Grey for $50 million if management can't work some magic.